SURESH CHANDRA SADH,NEW DELHI vs. CIRCLE 4(1)(1),, ALIGARH

In the result, the appeal of the assessee is partly allowed

Bench: Shri Sunil Kumar Singh & Shri Brajesh Kumar Singh[Assessment Year: 2016-17]

disallowed the Long Term Capital Gains of Rs.80,17,339/- and made addition of the said amount u/s 68 of the Act. In this

ABC PAPER PRODUCTS,AGRA vs. INCOME TAX OFFICER 1(1)(1) AGRA, AGRA

In the result, the appeal of the assessee is dismissed

capital gains\narising to an Individual or a HUF from compulsory acquisition of an\nagricultural land situated in specified urban limit, subject to fulfilment\nof certain conditions. Therefore, compensation received from\ncompulsory acquisition of an agricultural land is not taxable under the\nAct (subject to fulfilment of certain conditions for specified urban land).\n2. The RFCTLARR Act which came into

SATISH PRAKASH AGARWAL,AGRA vs. THE ACIT, CIRCLE 1(2)(1), AGRA, AGRA

In the result, appeal of the assessee is allowed

Bench: : Shri Ramit Kocharassessment Year: 2016-17

Gains from Business or Profession’. It is also stipulated in the Act that the partnership firm shall be allowed interest paid on capital of the partners @ 12% and any excess is to be disallowed

NEETA AGARWAL,AGRA vs. INCOME TAX OFFICER, 2(1)(2), AGRA, AGRA

In the result, the appeal of the Assessee is allowed for statistical purposes

Bench: Shri M. Balaganesh & Shri Sunil Kumar Singh(Through Virtual Hearing) Neeta Agarwal, Vs. Income Tax Officer, E-23, New Agra, Agra Ward-2(1)(2), Agra (Appellant) (Respondent) Pan: Aaxpa0936E Assessee By : Shri Amit Goyal, Adv Shri Nitin Goyal, Adv Revenue By: Shri Anil Kumar, Sr. Dr Date Of Hearing 16/09/2025 Date Of Pronouncement 04/12/2025

disallowance of exemption of Rs. 95,20,372 being the long term capital gain arising on transfer of shares Capital

ACIT, CIRCLE 2(1)(1), AGRA vs. ASHOK KUMAR AGARWAL, AGRA

In the result, appeal of the Revenue is partly allowed

Bench: Shri Sunil Kumar Singh & Shri Manish Agarwalita No.52/Agr/2025 (Assessment Year: 2015-16) Ashok Kumar Agarwal Acit, 6/26, Barah Bhai Ki Circle 2(1)(1), Vs. Gali, Belanganj, Agra-282002 Uttar Pradesh. Pan-Abipa7741F (Appellant) (Respondent)

capital gain was computed at Rs.26,47,47,255/- as against 19,01,49,859/- declared by the assessee. The AO also disallowed

ACIT, CIRCLE-2(1)(1), AGRA vs. ASHOK KUMAR AGARWAL, AGRA

In the result, appeal of the Revenue is partly allowed

Bench: Shri Sunil Kumar Singh & Shri Manish Agarwalita No.52/Agr/2025 (Assessment Year: 2015-16) Ashok Kumar Agarwal Acit, 6/26, Barah Bhai Ki Circle 2(1)(1), Vs. Gali, Belanganj, Agra-282002 Uttar Pradesh. Pan-Abipa7741F (Appellant) (Respondent)

capital gain was computed at Rs.26,47,47,255/- as against 19,01,49,859/- declared by the assessee. The AO also disallowed

BRIJESH PODDAR M/S KRISHAN KANHAIYA TEXTILES,HATHARS vs. ITO WARD 4(3)(4), HATHRAS

In the result, the appeal of the assessee is allowed

Bench: Shri M. Balaganeshshri Brijesh Poddar (Prop), Vs. Ito, M/S. Krishna Kanhiya Ward-4(3)(4), Poddar Textile, Hanuman Hathras Gali, Hathras, Up (Appellant) (Respondent) Pan: Azgpp1350B Assessee By : Shri Pankaj Gargh, Adv Revenue By: Shri Anil Kumar, Sr. Dr Date Of Hearing 21/01/2026 Date Of Pronouncement 03/02/2026

capital gains as borrowed funds were utilised for making investment in virtual digital asset and that the interest becomes part of cost of acquisition. This plea was not accepted by the learned AO and the interest expenditure of Rs. 5,74,560 was disallowed

RAMJI DAS GUPTA ,GWALIOR vs. ASSTT. COMMISSIONER OF INCOME TAX CIRCLE 1 GWALIOR , GWALIOR

The appeal stand partly allowed

Bench: Hon’Ble Shri Satbeer Singh Godara, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकरअपीलसं./ Ita No. 81/Agr/2021 (िनधा"रणवष" / Assessment Year: 2011-12) & 2. आयकरअपीलसं./ Ita No.82/Agr/2021 (िनधा"रणवष" / Assessment Year: 2012-13) & 3. आयकरअपीलसं./ Ita No.83/Agr/2021 (िनधा"रणवष" / Assessment Year: 2013-14) Shri Ramji Das Gupta Acit-Circle-1, बनाम/ 27, Madhav Nagar, Gwalior Vs. Gwalior "थायीलेखासं./जीआइआरसं./Pan/Gir No.Acopg-5414-C (अपीलाथ"/Appellant) : (""थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri Gourav Goyal, Ca- Ld. Ar ""थ"कीओरसे/Respondent By : Shri Shailendra Shrivastava – Ld. Sr. Dr सुनवाईकीतारीख/Date Of Hearing : 12-02-2025 घोषणाकीतारीख /Date Of Pronouncement : 28-03-2025 आदेश / O R D E R Manoj Kumar Aggarwal () 1. Aforesaid Appeals By Assessee For Assessment Years (Ay) 2011- 12 To 2013-14 Arises Out Of Separate Orders Of First Appellate Authority. The Facts & Issues Are Admittedly The Same. First, We Take Up Appeal For Ay 2011-12 Which Arises Out Of An Order Of Learned Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac)

capital gains. The gains are to be computed on sale consideration as mentioned in the sale deed. The appeal stand partly allowed. 6. In AYs 2012-13 & 2013-14, the sole grievance of the assessee is interest disallowance

RAMJI DAS GUPTA,GWALIOR vs. ASSTT. COMMISSIONER OF INCOME TAX, CIRCLE 1 GWALIOR

The appeal stand partly allowed

Bench: Hon’Ble Shri Satbeer Singh Godara, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकरअपीलसं./ Ita No. 81/Agr/2021 (िनधा"रणवष" / Assessment Year: 2011-12) & 2. आयकरअपीलसं./ Ita No.82/Agr/2021 (िनधा"रणवष" / Assessment Year: 2012-13) & 3. आयकरअपीलसं./ Ita No.83/Agr/2021 (िनधा"रणवष" / Assessment Year: 2013-14) Shri Ramji Das Gupta Acit-Circle-1, बनाम/ 27, Madhav Nagar, Gwalior Vs. Gwalior "थायीलेखासं./जीआइआरसं./Pan/Gir No.Acopg-5414-C (अपीलाथ"/Appellant) : (""थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri Gourav Goyal, Ca- Ld. Ar ""थ"कीओरसे/Respondent By : Shri Shailendra Shrivastava – Ld. Sr. Dr सुनवाईकीतारीख/Date Of Hearing : 12-02-2025 घोषणाकीतारीख /Date Of Pronouncement : 28-03-2025 आदेश / O R D E R Manoj Kumar Aggarwal () 1. Aforesaid Appeals By Assessee For Assessment Years (Ay) 2011- 12 To 2013-14 Arises Out Of Separate Orders Of First Appellate Authority. The Facts & Issues Are Admittedly The Same. First, We Take Up Appeal For Ay 2011-12 Which Arises Out Of An Order Of Learned Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac)

capital gains. The gains are to be computed on sale consideration as mentioned in the sale deed. The appeal stand partly allowed. 6. In AYs 2012-13 & 2013-14, the sole grievance of the assessee is interest disallowance

RAMJI DAS GUPTA,GWALIOR vs. ASSTT. COMMISSIONER OF INCOME TAX CIRCLE 1 GWALIOR , GWALIOR

The appeal stand partly allowed

Bench: Hon’Ble Shri Satbeer Singh Godara, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकरअपीलसं./ Ita No. 81/Agr/2021 (िनधा"रणवष" / Assessment Year: 2011-12) & 2. आयकरअपीलसं./ Ita No.82/Agr/2021 (िनधा"रणवष" / Assessment Year: 2012-13) & 3. आयकरअपीलसं./ Ita No.83/Agr/2021 (िनधा"रणवष" / Assessment Year: 2013-14) Shri Ramji Das Gupta Acit-Circle-1, बनाम/ 27, Madhav Nagar, Gwalior Vs. Gwalior "थायीलेखासं./जीआइआरसं./Pan/Gir No.Acopg-5414-C (अपीलाथ"/Appellant) : (""थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri Gourav Goyal, Ca- Ld. Ar ""थ"कीओरसे/Respondent By : Shri Shailendra Shrivastava – Ld. Sr. Dr सुनवाईकीतारीख/Date Of Hearing : 12-02-2025 घोषणाकीतारीख /Date Of Pronouncement : 28-03-2025 आदेश / O R D E R Manoj Kumar Aggarwal () 1. Aforesaid Appeals By Assessee For Assessment Years (Ay) 2011- 12 To 2013-14 Arises Out Of Separate Orders Of First Appellate Authority. The Facts & Issues Are Admittedly The Same. First, We Take Up Appeal For Ay 2011-12 Which Arises Out Of An Order Of Learned Commissioner Of Income Tax (Appeals), National Faceless Appeal Centre (Nfac)

capital gains. The gains are to be computed on sale consideration as mentioned in the sale deed. The appeal stand partly allowed. 6. In AYs 2012-13 & 2013-14, the sole grievance of the assessee is interest disallowance

RAMKISHAN,ALIGARH vs. ITO 4(1)(3) ALIGARH, ALIGARH

In the result, the appeal of the assessee is allowed for statistical purpose

Bench: Shri Sunil Kumar Singh & Shri Brajesh Kumar Singh[Assessment Year: 2018-19]

capital gain arises on the sale of the said property, which was self contradictory. Further, he noted that the assessee did not come forward with positive evidence in support of his claim for deduction. Therefore, in absence of any supporting documents, the claim of deduction u/s 48 of the Act of Rs.86,59,795/- (Rs.57,96,864 +Rs.28

MARSHAL SECURITY SERVICES,AGRA vs. ASSISTANT COMMISSIONER OF INCOME TAX, AGRA

In the result, the appeal is allowed

disallowances, the assessee would be given a\nfair opportunity to explain his position on the proposed additions/disallowances\nin accordance with the principle of natural justice.\nf) Instruction no. 5/2016 dated 14th July, 2016:Vide this instruction CBDT\nfurther clarified that general scope of enquiry in scrutiny proceedings should be\nrestricted to the relevant parameters which formed the basis for selecting

SURENDRA PAL SINGH NARANG ,AGRA vs. DY CIT CIRCLE 1(2)1 , AGRA

The appeal is allowed for statistical purposes and the issue on merits is restored to the files of Ld

Bench: Sh. Shamim Yahya & Sh. Anubhav Sharmasurendra Pal Singh Narang Vs. Dcit, 33/264, Circle 1(2)(1), New Raja Ki Mandi Colony Agra, Uttar Pradesh Agra- 282002 Uttar Pradesh Pan : Aafpn8023P (Appellant) (Respondent)

capital gain, the appellant had deducted indexed value of Rs. 32,69,056/- towards amount spent in improvement, construction of shed/building in the said property as reflected in the financials of the relevant years. The appellant filed report of UPSIDC about existence of construction, based on inspection of site made by their officials. Inspite of this the Ld. A.O. assessed

VARDAN CONSTRUCTIONS PRIVATE LIMITED,GWALIOR vs. INCOME TAX OFFICER-2(3), GWALIOR

In the result, the appeal of the assessee is allowed for statistical purpose

Bench: Shri Sunil Kumar Singh & Shri Brajesh Kumar Singh[Assessment Year: 2012-13]

Capital Gain of Rs.11,81,680/- was offered. It was further noted by the Assessing Officer in the reasons recorded that the stamp duty valuation of the said property was Rs.2,22,82,500/- and 50% of the same being share of the assessee comes to Rs.1,11,41,250/-. Thereafter, the Assessing Officer referred to the provisions of section

SATISH NARAYAN SHUKLA,PHAPHUND vs. INCOME TAX OFFICER, AURAIYA

In the result, the appeal is allowed for statistical purposes

Bench: : Shri Sunil Kumar Singh & Shri Brajesh Kumar Singhassessment Year: 2013-14

gain arising on sale of capital asset, and agricultural income of Rs.35,000/-. The said income declared by appellant was accepted by the Assessing Officer vide assessment order dated 30.05.2016 originally passed u/s. 143(3) r.w.s.147 of the Act. Subsequently, another re-assessment proceedings u/s. 147 were initiated against the assessee, wherein the claim of deduction

ACIT CIRCLE-2(1), GWALIOR vs. ASHOK KUMAR GUPTA, GWALIOR

Appeal stand partly allowed

Bench: Hon’Ble Shri Satbeer Singh Godara, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकरअपील सं. / Ita No.16/Agr/2020 (िनधा"रणवष" / Assessment Year: 2011-12) Shri Ashok Kumar Gupta Acit - Circle-2 बनाम/ F-11, Harishankar Puram Gwalior Vs. Gwalior 474 002 "थायीलेखासं./जीआइआरसं./Tan/Gir No. Aclpg-8972-G (अपीलाथ"/Appellant) : (""थ" / Respondent) & 2. आयकरअपील सं. / Ita No.23/Agr/2020 (िनधा"रणवष" / Assessment Year: 2011-12) Acit Circle-2 Shri Ashok Kumar Gupta बनाम/ Gwalior F-11, Harishankar Puram Vs. Gwalior 474 002 "थायीलेखासं./जीआइआरसं./Tan/Gir No. Aclpg-8972-G (अपीलाथ"/Appellant) : (""थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri Anurag Sinha (Advocate) – Ld. Ar ""थ"कीओरसे/Respondent By : Shri Sukesh Kumar Jain (Cit) – Ld. Cit-Dr सुनवाईकीतारीख/Date Of Hearing : 21-02-2025 घोषणाकीतारीख /Date Of Pronouncement : 28-03-2025

Disallowance of expenditure. The same are adjudicated as under. 2. Addition of unaccounted payments and investments 2.1 From the assessment order, it could be seen that the assessee is associated with Pooja Guthka group of cases which was searched on 07- 10-2010. The assessee admitted income of Rs.516.07 Lacs. During the course of search, certain incriminating documents were found

ASHOK KUMAR GUPTA,GWALIOR vs. ACIT, GWALIOR

Appeal stand partly allowed

Bench: Hon’Ble Shri Satbeer Singh Godara, Jm & Hon’Ble Shri Manoj Kumar Aggarwal, Am 1. आयकरअपील सं. / Ita No.16/Agr/2020 (िनधा"रणवष" / Assessment Year: 2011-12) Shri Ashok Kumar Gupta Acit - Circle-2 बनाम/ F-11, Harishankar Puram Gwalior Vs. Gwalior 474 002 "थायीलेखासं./जीआइआरसं./Tan/Gir No. Aclpg-8972-G (अपीलाथ"/Appellant) : (""थ" / Respondent) & 2. आयकरअपील सं. / Ita No.23/Agr/2020 (िनधा"रणवष" / Assessment Year: 2011-12) Acit Circle-2 Shri Ashok Kumar Gupta बनाम/ Gwalior F-11, Harishankar Puram Vs. Gwalior 474 002 "थायीलेखासं./जीआइआरसं./Tan/Gir No. Aclpg-8972-G (अपीलाथ"/Appellant) : (""थ" / Respondent) अपीलाथ"कीओरसे/ Appellant By : Shri Anurag Sinha (Advocate) – Ld. Ar ""थ"कीओरसे/Respondent By : Shri Sukesh Kumar Jain (Cit) – Ld. Cit-Dr सुनवाईकीतारीख/Date Of Hearing : 21-02-2025 घोषणाकीतारीख /Date Of Pronouncement : 28-03-2025

Disallowance of expenditure. The same are adjudicated as under. 2. Addition of unaccounted payments and investments 2.1 From the assessment order, it could be seen that the assessee is associated with Pooja Guthka group of cases which was searched on 07- 10-2010. The assessee admitted income of Rs.516.07 Lacs. During the course of search, certain incriminating documents were found

AKHLESH KUMAR TIWARI,AGRA vs. INCOME TAX OFFICER, AGRA

In the result, assessee’s appeal is allowed for statistical purposes

Bench: : Shri S. Rifaur Rahman & Shri Sunil Kumar Singhassessment Year: 2013-14

capital gain of Rs.7,33,457/-, claiming its deduction u/s. 54F of the Act on the ground that the assessee had invested Rs.25,85,000/- in purchase of new residential property. Case was reopened u/s. 147 of the Act by issuing notice u/s. 148 of the Act, in response to which the assessee filed return of income on 02.09.2021, declaring